Roma Blame €204m Loss On coronavirus

By Daily sports on October 8, 2020

Roma have recorded losses of over €204 million for the financial year up until June 30 largely as a result of the coronavirus pandemic, the Italian club revealed on Wednesday.

"The loss for the 2019-20 financial year is estimated at €204 million," the Serie A side said of preliminary figures released at the request of Consob, the Italian stock market regulatory authority for accounts up to June 30.

AS Roma changed ownership in August with US businessman Dan Friedkin taking over from fellow American James Pallotta in a deal valued at nearly €600 million.

If Roma were already in the red before the pandemic, the health crisis accelerated their financial woes with the resulting impact on sports competitions, TV rights and sponsorship.

"Despite the measures adopted to mitigate the consequences, this emergency, extraordinary by its nature and magnitude, has had, and continues to have, significant repercussions on the group's economic activities, creating a context of general uncertainty," Roma wrote in the document posted on its site.

The capital side have also failed to qualify for the Champions League this and last season.

The club saved €30 million as a result of their players and coach Paulo Fonseca agreeing to give up four months salary from March to June.

The transfer window also brought in €13 million with the sale of players including Gregoire Defrel to Sassuolo, Maxime Gonalons (Granada), Aleksandar Kolarov (Inter Milan) and Patrik Schick (Bayer Leverkusen). (BBC)

•PHOTO:  Roma Players 

Source Daily sports

Posted October 8, 2020


You may also like...
Rohr’s Gambling Goes Unpunished against Burundi, But Is...

50 elite athletes storm Lagos today for international...

Pogba implores Manchester United to 'attack, attack, attack'...

Graham Potter signs three-year deal as new Swansea...

Kenyan Kamworor Breaks Half Marathon World Record

Arsenal Defender Bellerin Wants PSG Move


Latest News Insurance, Sunshine clash in Fed Cup q’final Naija Super 8: 41 clubs know fate today Bosso lauds Flying Eagles character against Italy United told to pay £140m for Osimhen Osimhen sighted in Berlin amid Bayern Munich rumoured move Eagles’ hopeful Eze gets England call-up EPL: Awoniyi ranks sixth in conversion rate Nigerian pupil declared Guinness World Record holder for most skips on one foot Onigbinde eulogises ‘Thunder’ Balogun’s wife Joshua posts cryptic message U-20 W’Cup: Flying Eagles beat Italy 2-0, reach last 16 We are not scared of Italy, boast Flying Eagles


Most Read Rangers International going, going . . . (50,970 views) Amaju Pinnick: A cat with nine lives (42,214 views) Second Term: Amaju Pinnick, Other NFF Heavyweights Home to Roost •How Pinnick Broke the Jinx (40,705 views) Missing $150,000 IAAF Grant: Solomon Dalung’s Hide and Seek game (40,512 views) Sports Development: Zenith Bank on the zenith (40,270 views) Gov. Abdullahi Ganduje’s solid footprints, commitment to sports development in Kano State (40,257 views) Current issues in Nigerian sports: Matters arising (39,910 views) NFF Presidency: Pinnick, Maigari, Ogunjobi, Okoye in Battle for Supremacy (39,283 views) Olopade, BET9A wave of revolution in NNL (38,583 views) Commonwealth Games 2018: Shame of Muhammadu Buhari, Solomon Dalung (37,418 views) Ibrahimovic’s Man U exit: Whose decision is it? And in whose interest? (35,864 views) John Mikel Obi: Segun Odegbami’s Outrageous Call! (35,447 views)


Phone numbers

Tel: +234(0)8066020976

Email addresses

Office address

No 3, Adetoun Close, Off College Road, Ogba, Ikeja Lagos.

Social Media